Chris Lau, Kapitall: BlackBerry may not be a publicly traded company for long. Here's what to consider while shares might ripen.
BlackBerry ( BBRY ) is supposed to be privatized in a $4.7 billion deal. Yet the market is evaluating the risk associated with financing Fairfax Financial’s purchase, and some analysts are looking to the downside.
[Read more from Kapitall on BlackBerry: BlackBerry Goes Private: 3 Other Tech Stocks to Consider]
This may explain why the stock has been trading around $8 instead of the $9 offer price:Click on the interactive chart below to see data over time. But the company, and investors, have some bright spots to look forward to between now and the tentative closing date of the sale in November. The first is the release of the Z30 smartphone, which will include:
- Power from a Qualcomm (QCOM) Snapdragon S4 Pro processor.
- Run time supported by a 2,880mAh battery.
- Graphics on a 5-inch Super AMOLED display.
- And 16GB of storage space.